A Vietnamese manufacturer, VinFast, exports luxury cars to Europe

A Vietnamese manufacturer, VinFast, exports luxury electric cars to Europe. The first representations open on the “Old Continent”.


VinFast is, in fact, the only car manufacturer in Vietnam that exports cars. The company owned by Mahindra has just started the global expansion procedure. Asians open their first offices in North America and Europe.

The Vietnamese launched their first cars in 2019. They can already be seen on the roads of Vietnam. At stake is access to strong markets such as the United States and European countries.

According to the owner of the company, quoted by Reuters, VinFast opens five centers that include offices and showrooms. There will also be a showroom in California.

The company planned to sell 56,000 vehicles in 2022. But the semiconductor crisis has also seriously affected the Vietnamese. They reduced their target to just 15,000 vehicles.

“We will launch simultaneously in North America – the United States and Canada – and in Europe. In Europe we will be in Germany, France and the Netherlands “, announced the CEO of VinFast, Nguyen Thi Van Anh.

The final price of VinFast models does not include the cost of the battery

The Vietnamese have a special strategy for marketing their electric models. The cost of the battery is not included in the final price. Customers will pay a monthly amount to rent the battery. The company’s representatives claim that it will be a similar amount to what the owners of cars with conventional propulsions pay monthly on fuels. When the battery capacity drops below 70%, the company will replace it free of charge.

The carmaker’s portfolio includes an SUV and a sedan, with premium values ​​and design made by Pininfarina studios. Both models were brought to Paris, at the car show in the fall of 2018. The cars are powered by a 2.0-liter four-cylinder BMW engine, coupled to an eight-speed ZF automatic transmission. The top versions can also be ordered with all-wheel drive. For starters, the two will be built at the VinFast plant in northern Vietnam.

Source: Promotor by www.promotor.ro.

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